MID AMERICA APARTMENT COMMUNITIES INC. - FORM 10-Q - EX-12.2 - EXHIBIT 12.2 - August 2, 2018

Attached files

file filename
EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit312-maaq22018.htm
EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit324-maalpq22018.htm
EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit323-maalpq22018.htm
EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit322-maaq22018.htm
EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit321-maaq22018.htm
EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit314-maalpq22018.htm
EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit313-maalpq22018.htm
EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit311-maaq22018.htm
EX-12.1 - EXHIBIT 12.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit121-maaq22018.htm
EX-10.4 - EXHIBIT 10.4 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit104-maaq22018.htm
EX-10.3 - EXHIBIT 10.3 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit103-maaq22018.htm
EX-10.2 - EXHIBIT 10.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit102-maaq22018.htm
EX-10.1 - EXHIBIT 10.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit101-maaq22018.htm
10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC.maa630201810-q.htm


EXHIBIT 12.2


Mid-America Apartments, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)


 
Three months ended June 30,
 
Six months ended June 30,
 
2018
 
2017
 
2018
 
2017
Earnings:
 
 
 
 
 
 
 
Net income
$
61,981

 
$
50,155

 
$
112,801

 
$
93,571

Equity in income of unconsolidated entities
(356
)
 
(329
)
 
(854
)
 
(686
)
Income tax expense
570

 
618

 
1,210

 
1,269

Net income before equity in income of unconsolidated entities and income tax expense
62,195

 
50,444

 
113,157

 
94,154

Add:
 
 
 
 
 
 
 
Distribution of income from investments in unconsolidated entities
586

 
118

 
1,039

 
339

Fixed charges, less preferred distribution requirement of consolidated subsidiaries
44,073

 
40,688

 
85,773

 
79,292

Deduct:
 
 
 
 
 
 
 
Capitalized interest
488

 
2,207

 
1,283

 
4,227

Total earnings (A)
$
106,366

 
$
89,043

 
$
198,686

 
$
169,558

 
 
 
 
 
 
 
 
Fixed charges and preferred dividends:
 
 
 
 
 
 
 
Interest expense
$
43,585

 
$
38,481

 
$
84,490

 
$
75,065

Capitalized interest
488

 
2,207

 
1,283

 
4,227

Total fixed charges (B)
$
44,073

 
$
40,688

 
$
85,773

 
$
79,292

Preferred dividends, including redemption costs
922

 
922

 
1,844

 
1,844

Total fixed charges and preferred dividends (C)
$
44,995

 
$
41,610

 
$
87,617

 
$
81,136

 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (A/B)
2.4 x

 
2.2 x

 
2.3 x

 
2.1 x

Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C)
2.4 x

 
2.1 x

 
2.3 x

 
2.1 x






MID AMERICA APARTMENT COMMUNITIES INC. Reports